Sundaram Multi Pap has received an approval to raise funds up to an amount not exceeding Rs 30 crore. The board of directors at its meeting held on July 07, 2016 has approved for the same.
The company will raise funds subject to the approval of members, by way of issuing share warrants to the promoter and promoter group and by way of issue of fully paid up equity shares or issuing Debentures by way of QIP / Preferential Issue.
Sundaram Multi Pap (SMPL) is engaged in the manufacture of notebooks, account books, other paper stationery products, Kraft paper and trading of office paper stationery. Its operating facilities are located at Palghar, Nagpur and Kandla (SEZ facility). It sells its products in local as well as exports market.
Company Name | CMP |
---|---|
JK Paper | 352.70 |
TN Newsprints | 263.30 |
West Coast Paper | 616.00 |
Emami Paper Mills | 117.45 |
Andhra Paper | 496.40 |
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